Historic South African rand Saudi riyal

South African rand saudi riyal history for February 2024. The highest quote for this month is 0.19954 (01/02/2024) and the lowest 0.20216 (02/02/2024). The difference between high and low is -1.31.

ZAR SAR average rate for February 2024 is 0.1974, the change between 01/02/2024 and 29/02/2024 is +3.3 %.

01 February 20241 ZAR = 0.2012 SAR
02 February 20241 ZAR = 0.2018 SAR
03 February 20241 ZAR = 0.1983 SAR
04 February 20241 ZAR = 0.1985 SAR
05 February 20241 ZAR = 0.1986 SAR
06 February 20241 ZAR = 0.1966 SAR
07 February 20241 ZAR = 0.1991 SAR
08 February 20241 ZAR = 0.1982 SAR
09 February 20241 ZAR = 0.1975 SAR
12 February 20241 ZAR = 0.1974 SAR
13 February 20241 ZAR = 0.1982 SAR
14 February 20241 ZAR = 0.1963 SAR
15 February 20241 ZAR = 0.1969 SAR
16 February 20241 ZAR = 0.1977 SAR
18 February 20241 ZAR = 0.1989 SAR
19 February 20241 ZAR = 0.1990 SAR
20 February 20241 ZAR = 0.1978 SAR
21 February 20241 ZAR = 0.1981 SAR
22 February 20241 ZAR = 0.1982 SAR
23 February 20241 ZAR = 0.1957 SAR
24 February 20241 ZAR = 0.1945 SAR
25 February 20241 ZAR = 0.1942 SAR
26 February 20241 ZAR = 0.1940 SAR
27 February 20241 ZAR = 0.1950 SAR
28 February 20241 ZAR = 0.1964 SAR
29 February 20241 ZAR = 0.1946 SAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
ZAR SAR July 2023
ZAR SAR August 2023
ZAR SAR September 2023
ZAR SAR October 2023
ZAR SAR November 2023
ZAR SAR December 2023
ZAR SAR January 2024
ZAR SAR February 2024
ZAR SAR March 2024
ZAR SAR April 2024
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ZAR SAR June 2024
ZAR SAR July 2024